From his position as editor of theNationfrom 1865 until 1899, E. L. Godkin steered one of the liberal standard-bearers in a transatlantic network of cosmopolitan liberals. From this position he helped define nineteenth-century cosmopolitan liberalism. However, while Godkin fitted in the mainstream of liberal thought in 1865, by the time he retired he occupied the conservative fringe. Godkin never made the transition from a nineteenth-century cosmopolitan liberalism to a newer nationalistic democratic liberalism because democracy failed him. Instead of peace, commerce, and learning, democracy created an American Empire rooted in war, protectionism, ignorance, jingoism, and plunder, culminating in the Spanish–American War. Godkin's critique of American imperialism was thus based on his pessimistic but perceptive reading of the flaws of American democracy. Godkin believed that the rise of “jingoist” democracy had doomed the American “experiment” and thought that the nation had slipped into the historical, degenerative cycle of empire. By tracing Godkin's increasingly bitter warnings about the dangers of democracy in the second half of the nineteenth century, we can catch a glimpse of a dying worldview that questioned the ability of democracy to act as a moral force in the world.